Exports Of Textiles And Garments Decreased From 17% To 1 In Macao From 1 To October.

In October 2011, the total value of goods exported to Macao was 530 million yuan (Macao yuan, the same below), 5.4% lower than the same period. Local product exports (190 million yuan) fell by 20.9%, while the re exports (350 million yuan) increased by 5.9%.

The total value of imports of goods ($5 billion 450 million) in October 2011 increased by 47.1% compared with the same month in 2010.

The trade deficit in October amounted to 4 billion 920 million yuan.

The total value of exports in the first ten months of 2011 (5 billion 590 million yuan) fell by 4.5% compared with the same period in 2010, of which exports and exports of local products decreased by 2.8% and 5.3% respectively, while the total import value increased 40.8% to 49 billion 940 million yuan during the same period.

The trade deficit between January 2011 and October was 44 billion 350 million yuan, an increase of 49.7% over the same period.

The import and export ratio of goods dropped to 11.2%, down 5.3 percentage points from the same period in 2010.

The value of goods exported to Hongkong (2 billion 420 million yuan), mainland China (890 million yuan) and the United States (460 million yuan) from January 2011 to October decreased by 3.7%, 3.9% and 33.2% respectively compared with the same period in 2010.

The value of exports of textiles and garments decreased by 17%, while watches (220 million yuan) and diamond and diamond jewellery (210 million yuan) fell by 30.9% and 64.3% respectively, while smoking and drinking (530 million yuan) increased by 58.5%.

In the first ten months of 2011, the value of imports from mainland China (15 billion 250 million yuan) and the European Union (12 billion 400 million yuan) increased by 38% and 58.9% respectively compared with the same period in 2010.

Imports of consumer goods rose 46.3% to 30 billion 680 million yuan, of which food and beverages (6 billion 970 million yuan), gold jewelry (5 billion 160 million yuan) and handbags and silver bags (2 billion 690 million yuan) increased by 36.7%, 96.1% and 117.3% respectively. In addition, the value of imports of capital goods (8 billion 700 million yuan) recorded an increase of 59.6% over the same period.

From January 2011 to October, Macao's total value of external merchandise trade amounted to 55 billion 530 million yuan, up 34.4% from 41 billion 320 million yuan in the same period in 2010.

(end) (2011.12.1 reference exchange rate: 1 US dollars to 8.0074 Macao dollar)